Stocks (^GSPC) (^DJI) (^IXIC) starting the day solidly in the plus column as investors wait to see if Fed policymakers shed any light on when they are likely to raise interest rates this year.
Apple scores in China
Apple (AAPL) reported stronger-than-expected earnings and revenue in its fiscal fourth quarter. Revenue rose 22% from a year earlier as the tech giant sold 48 million iPhones last quarter as it saw strong demand in China.
Twitter’s (TWTR) earnings and revenue topped expectations. However, investors were disappointed by the microblogging company's revenue forecast and slower-than-expected user growth.
Diamond Foods (DMND), the maker of Emerald almonds and other snacks is being bought by rival Snyder's-Lance (LNCE) for $1.9 billion dollars in cash, stock and debt. The deal will help Synder's-Lance expand its brands of healthy snacks.
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Barclays (BCS) made it official and named former JPMorgan Chase (JPM) executive James Staley as CEO. Barclays will pay its new CEO up to $12.6 million a year. Staley is expected to start his new job at the beginning of December.
Northrop Grumman (NOC) contractor landed a huge contract with the Pentagon to build its Long Range Strike Bomber, beating out rivals Boeing (BA) and Lockheed Martin (LMT). Separately, Northrop reported earnings and revenue that topped analysts' estimates in the third quarter
Walgreens, Rite Aid combo
Drugstore chain Walgreens (WBA) confirmed it would acquire smaller rival Rite Aid (RAD) in a $9.4 billion deal, which balloons to $17.2 billion including acquired debt.
GOP Debate
And now fasten your seat belts everyone, it’s going to be a bumpy ride. Round three of the GOP primary debates is tonight on CNBC, where the likes of Donald Trump, new Iowa front-runner Ben Carson, and Jeb Bush will tackle economic and financial issues like taxes, spending and trade.
